Case Law Details
Selvaraj Shanthamani Vs ITO (ITAT Chennai)
Assessee is aggrieved by confirmation of certain additions of Rs.13.51 Lacs which represent deemed letting value of four properties owned by the assessee.
Village Administrative Officer has certified that these properties are vacant sites. The said certificates were furnished by the assessee during e-proceedings also. The assessee, vide submissions dated 24.02.2021, submitted that these properties were vacant sites only and no income was derived from these vacant sites. To support the same, the payment receipts of vacant site development charges as paid to local authorities was also furnished. These documents would show that the four sites were vacant land only which could not be deemed to be let out. The lower authorities have failed to consider these documents. ITAT deleted the impugned addition.
FULL TEXT OF THE ORDER OF ITAT CHENNAI
1. Aforesaid appeal by assessee for Assessment Year (AY) 2018- 19 arises out of the order of Ld. Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi [CIT(A)] dated 01.09.2021 in the matter of an assessment framed by Ld. Assessing Officer [AO] u/s. 143(3) of the Act on 10.03.2021. In this appeal, the assessee is aggrieved by confirmation of certain additions of Rs.13.51 Lacs which represent deemed letting value of four properties owned by the assessee.
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